AmorePacific, profits fell by 42%, the largest decline in sales is Innisfree

The aftermath of the pandemic struck the Korean beauty giant "AmorePacific". In the first quarter of 2020, operating profit decreased (-66.8%) and net profit reached -41.9%, totaling 94.8 billion won (74 million euros).Sales also fell, and sales fell 22.1% in the first quarter of this year to 1.3 trillion won (980 million euros).The largest relative declines were Innisfree and Etude (-31%), followed by Amos Professional (-24%) and AmorePacific (-22%).